The Security Exchange Organization (SEO), Ministry of Economy and Ministry of Communications will provide crowdfunding facilities for startups. Taadol writes that startups can use the dedicated service provided by the Iran FaraBourse to introduce their personnel, ideas and business model and gain access to financing up to 50 billion IRR (1.4 million USD). Crowdfunding is a common method worldwide which removes the founders’ needs for bank loans. The Minister of Economy, Masoud Karbasian said that due to the reduction of banking interest, liquidity in the capital market has risen allowing for the financing of startups. He added that after an idea has been approved by the Bourse Supreme Council, the Ministry of Co-ops, Work and Social Welfare can accumulate small resources in the form of cooperatives in order to create employment opportunities.
This week Tehran Stock Exchange (TSE) became 50 years-old. TSE began operations in 1965 with two symbols being traded. Today, the market value of more than 588 traded symbols is approximately 108 billion dollars equal […]
In order to increase liquidity in the stock market, fixed income mutual funds are required to invest at least 5% of their total capital in stocks. “Mutual funds are required to invest a minimum of […]